Technical Architect in Engineering at AMIS (51-200 employees employees)
Pros
Within an hour you can set up your initial network, provision all the technical components through an easy to use console, link all organizations together and join all partners to the same chain.
Out-of-the-box APIs to interact with smart contracts, and to interact with other Oracle Cloud PaaS and SaaS.
Start implementing business processes into smart contracts using the Blockchain App Builder tool through declarative configuration.
Cons
Integration with Oracles (external information sources) and other Blockchains from within smart contracts
Return on Investment
Quickly possible to transform an business process into a Blockchain network and decentralized appplication (smart contract)
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Assitan Deputy General Manager IT/IS - CIO in Information Technology at Arab Joradan Investemt Bank (501-1000 employees employees)
Pros
Because of the ready set of APIs, it becomes easy to interact with Oracle Blockchain Cloud, and to integrate with other systems.
The built-in security features, such as identity management and data encryption, made it an ideal choice given our industry requirements and compliance needs.
The deployment flexibility, as it enabled us to choose either using the private cloud option, deploy on Oracle public cloud, or a mix between them in a hybrid deployment.
Cons
We need to see Oracle Blockchain Cloud communicate and integrate with other BC networks.
Return on Investment
It has a direct positive impact on ROI, and by eliminating intermediaries from the process, we saved the related cost, which makes funds transfer cheaper.
It's provided more simple back-office operations, which again has a direct positive impact on ROI by saving staff time and efforts in handling transactions.
Alternatives Considered
IBM Blockchain Platform
Oracle Blockchain Cloud Alternatives
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